Insurance UK

  • July 09, 2026

    UK Pension Compensation Payouts Could Hit Record Low

    Compensation payments for people who were wrongly advised to transfer out of valuable final-salary pensions are expected to drop to a record low from July to October, an actuarial consultancy has said.

  • July 09, 2026

    FCA Details Crackdown On Illegal Ads, Financial Crime

    The City regulator said in its latest annual report on Thursday that it led an international crackdown on illegal financial promotions over the past year, making three arrests, requesting 650 social media takedowns and intensifying its fight against financial crime.

  • July 09, 2026

    SSB Law Seeks £19.5M From ATE Insurers In Cavity Wall Case

    The administrators of SSB Law have sued the collapsed firm's insurer for £19.5 million ($26 million), seeking to recover premiums the firm paid for insurance that covered its clients' cavity wall insulation claims.

  • July 09, 2026

    Capita Pension Failings To Hit Profit By Up To £40M

    Outsourcing giant Capita warned Thursday that problems administering the U.K. Civil Service Pension Scheme will cut its 2026 profit by up to £40 million ($54 million) and delay its return to surplus cash generation.

  • July 09, 2026

    More Firms Sign FRC Investor Code Amid Regime Switch

    Britain's accounting watchdog said Thursday that 191 organizations meet the conditions to be signed up to its revised UK Stewardship Code, announcing that 290 businesses are now signatories to the framework.

  • July 09, 2026

    Pensions Biz Nest Eyes £1B VC Investment For UK Savers

    Workplace pension scheme Nest plans to invest up to £1 billion ($1.3 billion) in growing private companies via a dedicated venture capital portfolio managed by Schroders Capital, to boost long-term returns and increase backing for British startups.

  • July 09, 2026

    Pensions Dashboard Program 'On Track' For Oct. Deadline

    Around 85% of personal, workplace and state pension records are now connected to the retirement savings dashboard system, the government has said, highlighting that the delayed program is on track to meet its Oct. 31 deadline. 

  • July 09, 2026

    Insurance M&A Activity 'Hits Lowest 1st-Half Level Since 2017'

    Economic uncertainty and a shortage of willing sellers have driven merger and acquisition activity in the U.K. insurance distribution sector to its weakest first-half level in nearly a decade, according to a consultancy.

  • July 08, 2026

    Calif. Judge Won't Reopen Asbestos Suit Against Reinsurers

    A California federal judge has declined to reopen an asbestos suit by an insurance exchange for the trucking industry against a group of reinsurers as the parties battle whether to remove a supposedly "side-switching" arbitrator, saying the arbitration is proceeding in New York.

  • July 08, 2026

    BAT Hit With 2nd Investor Claim Over North Korea Disclosures

    British American Tobacco PLC faces a second group claim in London this year after more than 100 shareholders alleged it had failed to disclose information about its North Korean activities, which ultimately led to the company paying hundreds of millions in penalties.

  • July 08, 2026

    Aviva, Axis Launch Lloyd's Outfit For Clean Energy Projects

    Insurance giant Aviva said Wednesday it has launched a new Lloyd's of London consortium with Axis to support renewable energy projects, in what the companies called the first agreement between specialist insurers to focus on onshore clean energy.

  • July 08, 2026

    Gov't Vows To Claw Back Bill For Capita Pensions Fix

    The government said Wednesday it will pursue service provider Capita for reimbursement on a taxpayer-funded fix for the ongoing Civil Service Pensions Scheme debacle.

  • July 08, 2026

    Pensions Body Floats Reforms To Boost Retirement Saving

    ​The U.K. government must reform workplace pensions as the current system still cannot provide adequate retirement incomes for many workers, a trade body warned on Wednesday.

  • July 08, 2026

    Aviva Completes £350M Share Buyback Program

    Insurance giant Aviva said Wednesday it has successfully completed its £350 million ($468 million) stock repurchase plan, which is expected to lower the company's share capital.

  • July 08, 2026

    AI Adoption Not Yet Uniform In Corporate Reporting, FRC Says

    The audit watchdog said Wednesday that the use of artificial intelligence tools in corporate reporting is still cautious and uneven across the market, despite many businesses considering adopting the technology over the coming year.

  • July 08, 2026

    FCA Investigating 11 Potential Consumer Duty Breaches

    The Financial Conduct Authority said Wednesday in its latest enforcement watch newsletter that it is conducting 11 investigations into potential breaches of the Consumer Duty.

  • July 07, 2026

    Lloyd's Can't Overturn $3.7M Ruling Over Forged Ship Policy

    Lloyd's of London's Belgium-based subsidiary has lost a bid to overturn a decision ordering it to pay $3.7 million to a ship financier to cover losses after a cargo ship struck a mine in Ukrainian waters, with a London appeals court ruling that a forged insurance policy did not sink the lender's claim. 

  • July 07, 2026

    EU Watchdogs Warn New AI Models Fuel Financial Cyber Risk

    European financial authorities warned Tuesday that the latest generation of artificial intelligence poses "a paradigm shift for cybersecurity" as the technology could enable bad actors to launch faster, cheaper and more sophisticated attacks on the financial market.

  • July 07, 2026

    Firms To Boost Cybersecurity After AI Attacks Cost UK £15B

    Dozens of major companies pledged on Tuesday to strengthen their cyberdefenses amid a surge in AI-enabled attacks by foreign states and criminal groups that cost the U.K. economy an estimated £14.7 billion ($19.7 billion) annually.

  • July 07, 2026

    HMRC Admits New State Pension Tax Errors Over 4 Years

    The government has said it accidentally overtaxed millions of Britons for their state pension income over four years, but that the tax ministry is working to ensure the error will not be repeated.

  • July 07, 2026

    Lloyd's, Berkshire Fight $3M Claim Over Ship Stuck In Ukraine

    The owners of a ship stranded in a Ukrainian port told a London court Tuesday that their war-risk insurers, including Lloyd's and Berkshire Hathaway, are liable for approximately $3.4 million in maintenance and replacement insurance costs after Russia's invasion trapped the vessel in a war zone.

  • July 07, 2026

    Underwriter ANV Completes Deal For Lloyd's Broker

    Underwriter ANV Group Holdings Ltd. has said it completed its acquisition of Lloyd's of London intermediary Iris Insurance Brokers Ltd., as it plots further U.K. expansion.

  • July 07, 2026

    Capita Apologizes For Civil Service Pension Failures

    Capita PLC said Tuesday that its handling of the Civil Service Pension Scheme was "not good enough" after the government withheld £9.9 million ($13.2 million) in payments under its contract to administer the program, citing missed performance targets and service failures.

  • July 07, 2026

    UK Maritime Insurer TT Club Warns Of 'Super' El Niño Risks

    A transport and logistics insurer warned on Tuesday that a forecasted "super" El Niño poses a systemic risk to global supply chains because of its potential to drive up temperatures around the world.

  • July 06, 2026

    UK Lifeboat Fund Paid Out £267M In Compensation In 2025

    Britain's financial services lifeboat fund has said it paid out £267 million ($365.7 million) in compensation to more than 14,000 customers affected by companies failing in the last financial year.

Expert Analysis

  • An ICO Reminder On Managing Subject Access Requests

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    Although the U.K. Information Commissioner's Office’s recent seven reprimands regarding mismanagement of data subject access requests are unusual, it is worth organizations considering what resources and training may be available to ensure these are properly managed in the future, says Ross McKenzie at Addleshaw Goddard.

  • Opinion

    Increasing Law Firm Polarization Will Degrade Rule Of Law

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    As evidenced in recent instances of law firms separating from attorneys who represented certain industries or espoused certain views, firms and the legal practice itself have grown troublingly polarized and intolerant of dissent, says Rebecca Roiphe at New York Law School.

  • The FTX Fallout So Far And What May Come Next

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    While the downfall of FTX is likely to cause substantial losses and lead to extensive litigation, it will hopefully precipitate a renewed focus on regulating the crypto market in a responsible way that gives more protection to consumers, says Dan Wyatt at RPC.

  • Hard Insurance Market Will Influence Legal Industry, Economy

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    As the cost of claims starts to outstrip the value of premiums, insurers are denying more claims and considering scaling back coverage, leading to an influx of legal work and potential holes in the market, says Bruce Hepburn at Mactavish.

  • Digital Nomads: Key Considerations For Global Businesses

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    As employers and employees embrace remote, location-independent work arrangements enabled by technology, they must be mindful of the employment law and tax consequences such arrangements may trigger, say Hannah Wilkins and Audrey Elliott at Eversheds Sutherland.

  • New License Eases Sanctioned Clients' Legal Fee Payments

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    The general license recently issued by the U.K. Office of Financial Sanctions Implementation permitting the payment of legal fees owed by a sanctioned company or individual will potentially reduce the agency's backlog and is welcome news for both lawyers and OFSI staff, say Zulfi Meerza and Syed Rahman at Rahman Ravelli.

  • Preparation Is Key To Businesses Minimizing Cyber Breaches

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    A recently published report by the U.K. Department for Digital, Culture, Media and Sport on organizational experiences of cybersecurity breaches highlights the importance of having breach response policies in place and being able to demonstrate that reasonable preventive and risk management steps were taken, says Lawson Caisley at White & Case.

  • UK Policyholders Can Expect Better COVID Claims Handling

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    The U.K. Financial Conduct Authority recently outlined some best practices for COVID-19 business interruption claims handling, which, along with recent High Court of Justice decisions, will likely lead to faster claims handling and clearer insurer communication, say Gurpreet Sanghera and Charlie Edwards at Simkins.

  • A Recovery Option For Lenders With Planes Stuck In Russia

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    For aircraft lessors considering insurance coverage litigation to recover for losses of equipment leased to Russian airlines, negotiating an assignment of rights may provide a faster pathway to recovery, say David Klein and Jose Lua-Valencia at Pillsbury.

  • Series

    My Favorite Law Prof: How I Learned To Argue Open-Mindedly

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    Queens College President Frank Wu reflects on how Yale Kamisar’s teaching and guidance at the University of Michigan Law School emphasized a capacity to engage with alternative worldviews and the importance of the ability to argue for both sides of a debate.

  • 4 Key Skills For An Effective Attorney Coaching Conversation

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    As BigLaw firms are increasingly offering internal coaching as one of many talent strategies to stem ongoing lawyer attrition, Stacey Schwartz at Katten discusses how coaches can help attorneys achieve their goals.

  • New Clarity On Directors' Creditor Duty In Insolvency Context

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    The recent case of BTI 2014 v. Sequana, the first to consider the creditor duty at U.K. Supreme Court level, provides directors and insolvency practitioners with significant guidance on how close to insolvency the company needs to be for the creditor duty to be engaged, say attorneys at Shearman.

  • FCA Pension Scheme Case Highlights Issues Ripe For Reform

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    The Financial Conduct Authority's response to the British Steel Pension Scheme case exposed wider issues within its regulatory approach and could demonstrate the need for industrywide reforms to minimize the risks with transferring out of a pension scheme, say Oliver Reece and Larisa Gordan at PwC.

  • What An Organization Can Do To Protect Its Supply Chains

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    In light of recent world events, supply chain issues have never been more critical for business, and to protect the commercial viability of their contracts, organizations should address performance concerns in good time, with a workable strategy in place should the chain break down, says Laura Heeley at Eversheds Sutherland.

  • German Draft Bill Reflects Trend Toward New Antitrust Tools

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    A recently proposed amendment to the German Act against Restraints on Competition continues the trend in Europe to equip authorities with greater powers, shifting from a more traditional approach to a more extensive market protection tool, say attorneys at Gibson Dunn.

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